They start to close in recovery le European stock exchanges. In fact, today the stock market rises, partially correcting the losses of the week. But the most positive aspect is the confirmation that the markets look to the future with confidence plan of the ECB to stop the spread. This morning the gap between Italian and German stocks narrows below 200 points (193 at 12) while the 3,60-year yield reaches 4,3%, a significant drop compared to XNUMX% in the middle of the week. Bank of Italy governor Ignazio Visco said the Italy-Germany spread should be below 150 points given the economic fundamentals. Visco added that the Frankfurt instrument being defined will serve to ensure a "uniform" monetary policy impact on a lasting and solid basis.
In May inflation in Europe it rose by 8,1% in line with forecasts but up from 7,4% in April. Excluding food and energy, growth was 4,4%, an acceleration from the previous 3,9%.
The Stock Exchange is going up again today, Milan is the best
In this context, the European stock exchanges are trying to lengthen their pace in the wake of Piazza Affari +1,67% again above 22 thousand points. Salt also the Nasdaq futures +1,3%.
Supporting the leadership of Milan is the leap forward of some blue chips: Campari, Pirelli and Diasorin they achieve increases in the order of 5%. The leap of the Bicocca company is linked to the improvement in the results of the competitor Michelin:
In rallies too Prysmian+2,4% under the pressure of Mediobanca's outperform recommendation, target of 35,8 euros. Tim also rises +2%. According to rumors, Vivendi promises to arrive at a valuation of 27-28 billion for the network, well above the current estimate of 18 billion.
Flat Eni which in the morning received only partial confirmation from Gazprom of the gas supply requests for the day. Italy has reached a filling rate in gas storage facilities equal to 54% of total capacity, said Ecological Transition Minister Roberto Cingolani. There reduction of gas supplies from Russia it has so far produced "limited damage" but the government is ready to implement countermeasures if it continues, added the minister.
